Research Reports Initiation on Services Stocks -- Magna, Advance Auto Parts, O'Reilly Automotive, and Air Methods
NEW YORK, November 2, 2016 /PRNewswire/ --
Stock-Callers.com redirects investors' attention to the global Services sector which has grown at a modest pace in October, posting 58.1 in the Business Confidence Index. Equities under assessment today are: Magna International Inc. (NYSE: MGA), Advance Auto Parts Inc. (NYSE: AAP), O'Reilly Automotive Inc. (NASDAQ: ORLY), and Air Methods Corp. (NASDAQ: AIRM). Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
Magna
Aurora, Canada headquartered Magna International Inc.'s stock finished Tuesday's session 2.12% lower at $40.18. A total volume of 2.52 million shares was traded, which was above their three months average volume of 1.28 million shares. The Company's shares have advanced 6.45% over the previous three months and 0.94% on an YTD basis. The stock is trading above its 200-day moving average by 2.82%. Furthermore, shares of Magna International, which develops, manufactures, engineers, supplies, and sells automotive products, have a Relative Strength Index (RSI) of 41.72.
On October 26th, 2016, Magna International announced that its vision-based driver-assistance technologies are featured in the 2017 Ford Super Duty Trailer Reverse Guidance system. Magna's EYERIS® driver-assistance technology supports the Trailer Reverse Guidance system jointly developed by Magna and Ford. Image-processing software determines the angle between truck and trailer and provides the most appropriate view to the driver, depending on the trailer's trajectory. Magna's back-up driver assistance systems are already used in the F-Series. When designing the all-new Super Duty, Ford Motor tapped Magna to build an even more sophisticated towing and trailering system to meet Super Duty customer needs. The free research report on MGA is available at:
http://stock-callers.com/registration/?symbol=MGA
Advance Auto Parts
On Tuesday, shares in Roanoke, Virginia headquartered Advance Auto Parts Inc. ended the session at $139.79, down 0.21%. The stock recorded a trading volume of 802,125 shares. Shares of the Company, which through its subsidiaries, provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks, are trading 6.66% below their 50-day moving average. Moreover, Advance Auto Parts' stock has an RSI of 33.17.
On October 31st, 2016, the company announced that it will report its Q3 2016 after market close on November 14th, 2016. The Company will also host a Meet and Greet with management on November 14th, 2016 in New York City from 5:00 p.m. to 7:00 p.m. ET. The presentations will include a review of the Company's Q3 2016 results and elements of its strategic business plan followed by a question and answer session. The complimentary report on AAP can be downloaded at:
http://stock-callers.com/registration/?symbol=AAP
O'Reilly Automotive
Springfield, Missouri headquartered O'Reilly Automotive Inc.'s stock ended yesterday's session 0.08% lower at $264.24. A total volume of 1.06 million shares was traded, which was above their three months average volume of 741,820 shares. The Company's shares have advanced 4.27% on an YTD basis. The stock is trading 2.06% below its 200-day moving average. Additionally, shares of O'Reilly Automotive, which together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the US, have an RSI of 39.32.
On October 26th, 2016, O'Reilly Automotive reported that sales for Q3 2016 increased $141 million, or 7%, to $2.22 billion from $2.08 billion for Q3 2015. Operating income for Q3 2016 increased to $448 million (or 20.2% of sales) from $415 million (or 20.0% of sales) for Q3 2015, representing an increase of 8%. The company's net income for Q3 2016 increased $12 million, or 5%, to $278 million (or 12.5% of sales) from $266 million (or 12.8% of sales) for Q3 2015. Diluted earnings per common share for Q3 2016 increased 10% to $2.90 versus $2.64 for the same period one year ago.
On October 28th, 2016, research firm Deutsche Bank reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $315 a share to $275 a share. Visit us today and download our complete research report on ORLY for free at:
http://stock-callers.com/registration/?symbol=ORLY
Air Methods
At the close on Tuesday, shares in Englewood, Colorado headquartered Air Methods Corp. recorded a trading volume of 372,433 shares. The stock finished 2.65% lower at $25.75. Shares of the Company, which together with its subsidiaries, provides air medical emergency transport services and systems in the US, are trading below their 50-day moving average by 18.22%. Furthermore, Air Methods' stock has an RSI of 20.39.
On October 21st, 2016, Air Methods announced that it will report financial results for Q3 2016 after the close of the market on November 3rd, 2016. The Company has scheduled a conference call for November 3rd, 2016 at 4:30 p.m. ET to discuss these results. Get free access to your technical report on AIRM at:
http://stock-callers.com/registration/?symbol=AIRM
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